Shopify Inc (NYSE:SHOP) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC reduced its holdings in Shopify Inc (NYSE:SHOP) (TSE:SHOP) by 55.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,032 shares of the software maker’s stock after selling 101,300 shares during the quarter. Janus Henderson Group PLC owned about 0.08% of Shopify worth $11,810,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Next Century Growth Investors LLC acquired a new position in Shopify during the first quarter worth $115,000. Signaturefd LLC purchased a new position in Shopify during the first quarter worth $132,000. Shine Investment Advisory Services Inc. purchased a new position in Shopify during the second quarter worth $159,000. Parallel Advisors LLC increased its position in Shopify by 839.7% during the second quarter. Parallel Advisors LLC now owns 1,278 shares of the software maker’s stock worth $186,000 after buying an additional 1,142 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new position in Shopify during the second quarter worth $202,000. 60.74% of the stock is owned by institutional investors and hedge funds.

Shares of Shopify stock opened at $140.49 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 12.89 and a quick ratio of 12.89. The stock has a market capitalization of $17.49 billion, a P/E ratio of -334.50 and a beta of 1.15. Shopify Inc has a fifty-two week low of $89.35 and a fifty-two week high of $176.60.

Shopify (NYSE:SHOP) (TSE:SHOP) last announced its quarterly earnings data on Tuesday, July 31st. The software maker reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.30. The firm had revenue of $245.00 million during the quarter, compared to analyst estimates of $234.72 million. Shopify had a negative return on equity of 3.77% and a negative net margin of 6.12%. Shopify’s quarterly revenue was up 61.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.01) earnings per share. Equities research analysts anticipate that Shopify Inc will post -0.76 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on SHOP shares. KeyCorp reaffirmed an “overweight” rating and issued a $182.00 price objective (up previously from $170.00) on shares of Shopify in a research report on Tuesday, June 19th. Zacks Investment Research raised Shopify from a “hold” rating to a “buy” rating and set a $177.00 price objective for the company in a research report on Tuesday, July 10th. Barclays lifted their target price on Shopify from $125.00 to $155.00 and gave the company an “equal weight” rating in a report on Monday, July 23rd. They noted that the move was a valuation call. National Bank Financial lifted their target price on Shopify from $160.00 to $180.00 and gave the company a “$173.26” rating in a report on Monday, July 23rd. Finally, Roth Capital lifted their target price on Shopify from $165.00 to $192.00 and gave the company a “buy” rating in a report on Tuesday, July 24th. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $164.53.

Shopify Profile

Shopify Inc provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in Canada, the United States, the United Kingdom, Australia, and internationally. Its platform provides merchants with a single view of business and customers in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables to manage products and inventory, process orders and payments, ship orders, build customer relationships, leverage analytics and reporting, and access financing.

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Institutional Ownership by Quarter for Shopify (NYSE:SHOP)

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